3,000+ Adviser Exits From Major Institutions – New Report

Major regulatory action post the Royal Commission, combined with strategic exits by major banks along with a 50 percent increase in exits from major institutions, is transforming the shape of the financial advice industry, according to the 2nd Australian Financial Advice Landscape Report by Adviser Ratings. (more…)

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0 · January 8, 2020 in Compliance & Regulation, General  

Life Companies Offer Relief for Bushfire Victims

A number of  life insurance companies have announced a variety of measures to help their customers affected by the immense scale of the nation’s bushfire events. (more…)

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0 · January 8, 2020 in General  

FPA Launches New SoA Digital Interactive Guide

The Financial Planning Association of Australia has launched its Future of the Statement of Advice (SoA) digital interactive guide to help financial advisers develop more accessible, personalised and meaningful client experiences during the advice process. (more…)

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1 · January 7, 2020 in Compliance & Regulation, Education  

Big Numbers for TAL’s FASEA Exam Masterclasses

The introduction of masterclasses in 2019 to help financial advisers prepare for the FASEA adviser examinations has helped TAL’s product-agnostic adviser education programme, TAL Risk Academy,  record its strongest uptake rates since it launched four years ago. (more…)

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0 · January 7, 2020 in Education  

ASIC Takes Court Action Against NAB on Fees For No Service and FDS Failure

In late December ASIC announced it had begun civil penalty proceedings in the Federal Court against National Australia Bank Limited (NAB) and was seeking findings of several thousand contraventions of the ASIC Act and the Corporations Act. (more…)

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0 · December 23, 2019 in Compliance & Regulation  

FASEA Clarifies Position – Green Light for Risk Commissions

In the lead-up to Christmas, FASEA has clarified its position on life insurance commissions, effectively delivering an unequivocal green light to the continuation of commissions as a valid form of remuneration. (more…)

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· December 20, 2019 in Compliance & Regulation, Remuneration  

Adviser Pricing Model Update

Elixir Consulting has launched a new survey to collect data from financial advisers on their pricing models. (more…)

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· December 18, 2019 in General  

Latest Poll – LIF 2020

At the end of a sometimes bruising year for risk-focussed advisers and advice businesses, we’re keen to establish your outlook as you enter the New Year. (more…)

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5 · December 17, 2019 in Compliance & Regulation, Polls  

Best Initiatives in 2019

In what has been identified by many in the life insurance and advice sectors as a very tough year, Riskinfo has identified its three best initiatives for 2019. (more…)

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0 · December 17, 2019 in General  

ASIC Commences Proceedings Against TAL

ASIC has commenced proceedings in the Federal Court against TAL Life Limited for alleged breaches of the ASIC Act, the Corporations Act and the Insurance Contracts Act, in relation to a claim made under an income protection policy. (more…)

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1 · December 17, 2019 in Claims, Compliance & Regulation